Wedbush Starts M/I Homes (MHO) at Outperform

Wedbush initiates coverage on M/I Homes (NYSE: MHO) with a Outperform rating and a price target of $28.00.

Analyst Jay McCanless commented, "We are initiating coverage of M/I Homes with an OUTPERFORM rating. Please note there is only one other analyst writing on the stock to our knowledge so we would caution clients to bear that in mind when comparing our estimates to the consensus forecast. We believe the company’s differentiated geography versus our coverage and the company’s focus on firsttime buyers are positive catalysts. As part of our initiation, we expect FY16/FY17/FY18 EPS of $2.23/$3.01/$3.30."

For an analyst ratings summary and ratings history on M/I Homes click here. For more ratings news on M/I Homes click here.

Shares of M/I Homes closed at $23.70 yesterday.

You May Also Be Interested In

• Craig-Hallum Assumes Guardant Health (GH) at Buy, 'We think that GH is undervalued'
• Citi Upgrades Sirius XM Radio (SIRI) to Neutral, 'risk-reward is balanced at prevailing levels'
• Mattel Inc. (MAT) PT Raised to $26 at BofA Securities